Mistaken monetary policy lessons from Japan?: John Muellbauer, Keiko Murata, 21 August 2011
The global crisis of 2008-2009 has refocused attention on the lessons of Japan’s lost decade, with many suggesting that Europe and the US are heading the same direction. This makes a thorough understanding of the Japanese case an urgent matter. But this column argues that pushing the analogies too far is a mistake that could prolong the economic pain.
Full Article: Mistaken monetary policy lessons from Japan?
The global crisis of 2008-2009 has refocused attention on the lessons of Japan’s lost decade, with many suggesting that Europe and the US are heading the same direction. This makes a thorough understanding of the Japanese case an urgent matter. But this column argues that pushing the analogies too far is a mistake that could prolong the economic pain.
Full Article: Mistaken monetary policy lessons from Japan?
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